Mergers and acquisitions
Stock tied to Donald Trump’s social media venture falls after Twitter said to be nearing a deal with Musk
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Shares of Digital World Acquisition Corp., the blank-check company poised to take Donald Trump’s media venture public, fell in volatile trading on Monday […]
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Twitter is reportedly taking another look at Musk takeover bid
Entrepreneur and business magnate Elon Musk gestures during a visit at the Tesla Gigafactory plant under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany. Patrick Pleul | AFP | Getty Images Twitter could be becoming more receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.5 […]
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Warren Buffett is on a roll. Here is what’s behind his big moves and what could come next
After a six-year deal-making drought and a long stock-selling streak, Warren Buffett is back with a bang. Source
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Just Eat Takeaway is exploring a sale of Grubhub barely a year after buying the company
The Grubhub logo displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images European food delivery giant Just Eat Takeaway.com said it’s considering a sale of Grubhub, its U.S. arm, after facing pressure from investors to explore strategic deals. Just Eat Takeaway.com’s board “confirms its alignment with shareholders in wanting […]
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Will the battle for Spirit set off a rush for airline deals? Here’s what could happen
A previous wave of U.S. airline consolidation left four airlines in control of more than three-quarters of the U.S. air travel market. Source
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Tencent shuts down its rival to Amazon’s Twitch months after China blocked key $6 billion gaming merger
Tencent attempted to create a gaming live streaming giant through the merger of Huya and DouYu, two companies it has a significant stake in. But regulators in China shut the deal down in 2021. Months later, Tencent is shutting down its own game live streaming service Penguin E-Sports. Feature China | Future Publishing | Getty […]
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Arm plans to transfer shares of China unit to SoftBank ahead of IPO: Reports
SAM YEH | AFP | Getty Images Arm is set to transfer shares in its renegade China joint venture to a special purpose vehicle owned by parent company SoftBank, according to reports from The Financial Times and Bloomberg on Tuesday which cited people familiar with the matter. Arm currently holds a 47.3% equity stake in […]
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Apple buys UK fintech start-up Credit Kudos
Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters LONDON — Apple has acquired British fintech start-up Credit Kudos, a person familiar with the matter told CNBC, confirming an earlier […]
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U.S. private equity giant pays $10.7 billion for SAP rival started in an English barn
Frank Calderoni, CEO of Anaplan. Adam Jeffery | CNBC U.S. private equity giant Thoma Bravo has bought British enterprise software firm Anaplan for $10.7 billion. The deal, announced Monday, will see Thoma Bravo pay $66 per share in an all-cash transaction. Anaplan was founded in 2006 in a barn in Yorkshire, England, by Guy Haddleton, […]
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